Arnold Potts A new report released by the Financial Stability Oversight Council (FSOC), a financial stability watchdog composed of heads of major U.S. financial regulators, highlights the need for Congress to pass legislation to address concerns around cryptocurrencies. The report, which covers various issues …
Sotheby’s, the renowned auction house, made history with its first-ever sale of “inscriptions” created using the Bitcoin blockchain’s Ordinals protocol. The collection, known as “BitcoinShrooms,” garnered significant attention and drew about $450,000, surpassing the highest estimates by five times. This unexpected outcome …
Bitcoin’s price has stabilized around $41,000 following a significant leverage flush and the largest daily drawdown since mid-August. As crypto traders digest these developments, they are closely watching the last U.S. interest rate decision of the year, which is scheduled for Wednesday. …
Donald Trump has made headlines once again, this time in the world of cryptocurrencies. The former U.S. president announced a brand-new collection of non-fungible tokens (NFTs) called the “Mugshot Edition.” This collection is a nod to Trump’s legal troubles and has stirred …
Democratic Senator Elizabeth Warren from Massachusetts has introduced a bill aimed at cracking down on the alleged use of cryptocurrencies in illicit finance. This bill, named the Digital Asset Anti-Money Laundering Act, has gained support from five other Democratic lawmakers. If passed, …
A senior official in Montenegro is reportedly planning to extradite Do Kwon, the creator of terraUSD (UST) stablecoin and Luna (LUNA) token, to the United States to face criminal charges related to the collapse of these digital assets. According to The Wall …
The Bank of England has expressed concern over the potential risks to financial stability that could arise from the growth of asset tokenization, particularly in relation to unbacked cryptocurrencies and stablecoins. In its Financial Stability report, the central bank noted that banks …
Jack Dorsey’s fintech company Block has announced the launch of its self-custody bitcoin wallet Bitkey, which is now available for pre-order in over 95 countries. Bitkey is a comprehensive solution that consists of a mobile app, hardware device, and a set of …
The Basel Committee, a prominent global standard-setter for banks, has announced its intention to seek public input on potential revisions to its classification criteria for stablecoins. This news comes in the wake of the committee’s review of elements of the prudential standard …
Blockchain infrastructure company Blocknative has announced the release of a new tool called ethernow.xyz, designed to examine the “mempool” of pending transactions awaiting processing on the Ethereum network. This tool aims to reduce instances of block-level manipulation and protect users from front-running …